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Property profile & analytics
OFF-MARKET Estimated value $760,000
Apartment buildings

3250 Guernsey Ave Memphis, TN 38112-1510

13,232 SF 0.57 ac lot Built 1964
Entity Owned 4-yr Hold
Property ID
US80-3466682
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1964
Total area 13,232 SF
Lot 0.57 ac (24,873 SF)
Zoning code CMU-1
APN 038-022- - -00017
UPID US80-3466682
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
by Request
Comparable Approach Comparable
$756k
Blend (final) Blend
$760k
Owner & transaction history
Wardrobe LLC · 4 yrs held
Wardrobe LLC
since 2022
Last sale
$900,000
7 recorded transactions
2022
$900,000
2018
$286,000
2017
Price N/A
2017
Price N/A
2017
$180,000
2011
$80,000
2007
$240,000
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
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